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Asia beats Europe in developing new payments technologies
The region has attracted more fintech investments than North America and Europe.
Asia beats Europe in developing new payments technologies
The region has attracted more fintech investments than North America and Europe.
Nearly 8 in 10 Singaporeans open to branchless banking
It helps that digital banking penetration in the lion city is high at 97%. Nearly 8 in 10 banking customers in Singapore admitted that they would consider opening an account with a branchless, digital-only banks, according to a report from management consultancy firm McKinsey. Of this number, Singaporeans are willing to migrate more than a third or approximately 35% of the assets in their accounts to a digital wallet.
Singapore banks' bad loans are on the rise
Aggregate NPL ratio of local banking groups rose from 0.4% to 1.6% in 2017.
China makes headway in denting distressed debt
Foreign investors are rushing into the country to purchase its NPLs.
Indonesian banks' loan growth poised to hit 8.3% in Q1
Manufacturing loans, which accounts for a lion's share of credit, is expected to register sluggish growth.
Regulator punishes 7 Taiwanese banks embroiled in loan scandal
Over 50 senior bank managers have been reportedly demerited.
Can India ease its bad loan woes before another banking scandal erupts?
The recovery loan on defaulted loans in the country are at a dismal 26%.
China relaxes informal deposit rate ceiling for commercial banks
This may help Beijing curb growing shadow banking activity.
Korea's bad loans shrink as new NPLs stood at $1.59b in Q1
This marks the lowest level since the global financial crisis struck.
Chinese private banks lead Asia's wealth management business
The assets of top Chinese onshore private banks grew 25.5% whilst Asia rose by a mere 7.4% in 2013-2017.
Asian private banking assets hit $2.01t in 2017
The world’s wealthy are increasingly turning to Asia.
Singapore refuses to compel banks to divulge open banking data
The central bank is taking a more organic approach, enabling banks to share data on their own.
Bad debt burden delays Basel III adoption in Indian banks
The leeway would give banks much-needed time to raise more capital.
Can the VAMC single-handedly halt Vietnam's bad loan woes?
It has already bought $9.4b in NPLs from various banks.
APAC banks plan to use automated collections systems by 2019
Seven in 10 banks intend to utilise AI to streamline bill payments.
Singapore amongst the most open to digital banking
Almost half believe non-banks provide better assistance than traditional banks.
Why you should not miss the 2018 Retail Banking Forum in Kuala Lumpur
The event will be held on April 25 at the Shangri-La Hotel, Kuala Lumpur.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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